Saturday, October 22, 2011

It isn't totally my preferred solution, but we should remember that the crisis and problems are fake, that there is a simple solution. Cancel Greece's debts and have the ECB give free money to the banks.

BRUSSELS — Eurozone finance ministers said Saturday that they have agreed that banks should accept substantially bigger losses on their Greek bonds, with a new report suggesting that writedowns of up to 60 percent may be necessary.

Alternatively, poor and middle class people can continue to suffer as Greece's economy is destroyed. Rich people across the world agree that the solution to every problem is more suffering for poor people.